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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (20885)	9/21/2003 6:47:25 PM
From: Little Joe	Read Replies (3) of 39344

Russ: When it comes to fundamental analysis I accede to your greater knowledge. Unfortunately, the fundamental reasons for most bull market (or for that matter, bear markets) are not widely understood while they are occurring. They often are not understood until years afterward, if then. Because of this I just don't trust fundamental analysis. Charts I trust. All I know is that chart after chart of gold stocks and both the HUI and the XAU, have broken out of very long term bases and to my knowledge that has never happened at the end of a bull market. This is the kind of action that occurs at the beginning of a bull. Remember the dow went from under 1000 to over 11000 from 1982 to 2000, this bull lasted eight years and was an 11 banger, in an index, mind you. Go back and look at the dow chart in 1982 and you will see the same thing, long term base and a breakout, when the dow broke out all the brokers were telling us to sell because the bull was over. But it was just beginning and so is this gold bull. Little joe

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